Weekly Retail Real Estate News
Growth Goals Aren’t Changing
After a year of serving as Dutch Bros president, Christine Barone brought in the new year by adding CEO to her title. It’s the first of many changes heading the brand’s way in 2024 and beyond. The chain opened 159 stores last year and finished with 831 systemwide. This year, Dutch Bros may re-break its development record if it ends on the upper side of its 150-165 restaurant opening projection.
How to protect yourself from falling victim to AI real estate scams
LITTLE ROCK, Ark. — Scammers have been getting more creative these days. Not only have they been doing the regular scams of credit card fraud, and identity theft but they've also been taking it a step further by using artificial intelligence tools to target people.
Publix expands into Kentucky
Publix has entered its eight state of operation. The grocer has opened its first store in Kentucky, at the Terra Crossing Shopping Center in Louisville. The 55,701-sq.-ft. location includes a drive-thru Publix Pharmacy and an adjacent 3,200-sq.-ft. Publix Liquors offering beer, wine and spirits. It is the first Publix Liquors outside of Florida.
Slim Chickens’ Best Year Yet is Merely a Stage-Setter for 2024
In the summer of 2019, Slim Chickens was an 84-unit brand with wide prospects. It had just secured funds from 10 Point Capital, the firm behind the growth of Tropical Smoothie Café (they exited in 2020) and, more recently, Walk-On’s and founder Brandon Landry’s offshoot second venture, Smalls Sliders. The mark: Open 600 new locations over the next decade.
Albertsons reports strong Q3 returns as Kroger merger looms
With a decision due any day by the Federal Trade Commission on the $24.6 billion Kroger, Albertsons merger, Albertsons reported strong net sales and revenue figures in its Q3 report on Tuesday. Albertsons reported $18.6 billion in net sales and revenue for the 12-week period ended Dec. 2, 2023, up 2% from the $18.2 billion reported for the same quarter in 2022, the company said.
Sprouts Farmers Market sets opening date, locations for seven new stores
Sprouts Farmers Market continues to expand its store footprint.The fresh, natural and organic foods grocer set the opening date for seven new stores that will open by March 15 (locations listed at end of article). In September, Sprouts celebrated the opening of its 400th store, in Haddon Township, N.J.
Slider Chains are Starting to Hit Big Restaurant Growth
Miniature versions of burgers have settled along the lines of menu staples, appearing in many types of restaurants and many different forms. It’s not hard to see why: sliders are budget-friendly, portable, and embody the idea of vanishing caloric density—a fancy way of saying that you eat one and immediately want another.
Parent company of Wilson, Arc’teryx and other sports/outdoor brands files for IPO
Amer Sports is looking to go public. In the first major retail IPO of 2024, the Finland-founded parent company of Wilson, Arc’teryx and Salomon and other sports and outdoor apparel brands filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initital offering. Amer Sports has applied to list its shares on the New York Stock Exchange under the symbol "AS."
